Morgan Creek Digital, an institutional manager, is willing to bet $1 million cryptocurrencies and digital assets will outperform the S&P 500 during the next 10 years.

The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or stocks are a better investment to put their money where their beliefs are with a long-term bet against the Digital Asset Index Fund, a crypto index fund managed by Morgan Creek’s partner, Bitwise Asset Management, CoinDesk reported.

Morgan Creek Digital founder and partner Anthony Pompliano told CoinDesk that cryptocurrency “outperformed over the last 10 years and we believe that will not change moving forward for the next 10 years.” Read more here.

ThirtyK Staff
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